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This entire country is run on debt. These cards drive the consumer society and the economy that goes with it. It would seem that this type of change in easy credit may slow the economy down, maybe to a level that is sustainable. Maybe this is a move in the right direction. Maybe it is an indicator of things to come. I guess one could call it a drop in the standard of living.
But then, if folks don't buy things how many others will lose their jobs because what they were making is now not being purchased? Rather seems like a downward spiral---sort of a revolution.
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